Featured Image: How Small Businesses Benefit from Data-Driven Marketing

How Small Businesses Benefit from Data-Driven Marketing

PC Social
25 min readJul 24, 2022

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Ads are everywhere. They’re in your emails, your phone, your TV, and even your fridge. Ads are annoying, but they also bring in revenue for companies like Google and Facebook. Companies spend billions of dollars each year on advertising, and the trend shows no signs of slowing down. Advertisers use data-driven marketing strategies to reach their target audiences with personalized messages that enhance their customer experience. These strategies are applied using data analytics tools that help them understand what works best for each consumer.

Don’t want to read the full article? Watch the video below for the summary and key highlights of the article.

Marketing firms that exceed their revenue targets apply personalization methods 83% of the time. Businesses that use data-driven personalized marketing recorded between 5 and 8 times the ROI on their marketing budgets. Personalization also helps companies attract customers who are more likely to buy products or services.

These are examples of companies using data-driven marketing to reach their desired audiences and deliver effective messages. They use various technologies and techniques to achieve this.

What Is Data-Driven Marketing?

Data-driven marketing uses consumer, market, and industry data to create marketing strategies. Data analytics is the practice of using data to understand trends, patterns, and other information. Marketing strategies that use data to drive decision-making are called data-driven marketing.

Technology has ushered in the age of personalized marketing.

Personalization is a crucial component of digital marketing. Personalization allows marketers to target specific audiences with messages that are relevant to them. For instance, if you're promoting a new movie, you can target users who are interested in movies with your ads. If you’re selling products, you might show ads for those products to users who bought related items recently.

A digital marketing agency named Statista has outlined the steps required to implement an effective personalized marketing campaign.

  • Identify the demographics (such as age, gender, and income) of the campaign’s target audience.
  • Determine which products and services generate the most revenue in the target category.
  • To personalize the website experience, use tools like Google Analytics to understand who is interested in your campaign.
  • Use A/B testing and similar techniques to learn which message and media type deliver the highest levels of customer engagement.

Social media today describes hyper-personalized digital market­ing as the combination of internet technology and mobile devices to harness “all forms of data being collected in unison across all marketing chan­nels and customer journey stages.” The goal is to know precisely what the customer wants before they do and to move customers “from top of funnel awareness to post-purchase happiness in record time through greater and more effective engagement at each stage.”

Interactive Guide: 10 Benefits of Starting Data-Driven Marketing Today

Techniques That Enhance the Customer Experience

Harvard Business Review surveyed 1,000 executives at large U.S. companies. The study found that while many companies have made significant investments in digital technologies, they are still struggling to achieve the full benefits of those investments. The study also found that while many companies are making progress in creating a unified customer experience across channels, they are not yet achieving the same success in delivering personalized interactions.

  • Customer data platforms combine customer data across different channels and sources to extract insights that help companies improve their customer experiences.
  • Proactive analytics uses artificial intelligence to collect and analyze data about customers, marketing programs, and other business processes.
  • Contextual interactions help companies understand where customers are on their journeys and coax them into making the next step toward the company’s goals.

Customer Value Analytics

Customer Value Analytics is designed to help companies identify which customers are most valuable and least helpful. These are among the key metrics that customer value analytics use to determine a customer’s value to the business.

  • The historical value measures a customer’s historical value over time and compares it with the historical importance of other customers for the same period.
  • A current value analysis compares recent activity with past values to determine the impact of different marketing campaigns, latest offers, and price changes.
  • Lifetime Value (LTV) shows how valuable a customer is over a more extended period by calculating their average order multiplied by their purchase frequency.
  • To determine whether a customer is a “cost to serve” customer, compare the profit generated to the costs associated with serving the customer’s support requirements.

Omnichannel Marketing Strategies

Marketing messages should be consistent across all channels. A company’s marketing strategy should be aligned with its overall brand identity. Marketing messages should be optimized for each channel, and the right message should be delivered at the right time.

To optimally enhance the efficacy of the omnichannel marketing strategy, consider the following key tactics:

  • Increase Channel Visibility: Enhance the visibility and accessibility of channels where your target customers are most active. By strategically increasing the presence of your brand where your audience is most likely to engage, you can effectively broaden your reach and engagement.
  • Consistent Messaging: Maintaining consistency in messaging across all channels is essential to reinforce brand recognition and credibility. Consistent messaging helps in building a coherent brand image and fosters trust among customers, thereby enhancing brand loyalty.
  • Personalization: Incorporating personalization into your marketing efforts can significantly boost engagement and brand recognition. By tailoring messages and offers to individual preferences and behaviors analysis, you can create a more meaningful connection with customers, leading to increased satisfaction, retention, and loyalty.
  • Measure and Optimize: It is crucial to measure the impact of your marketing activities across various channels meticulously. By analyzing key performance indicators and customer engagement metrics, you can gain valuable insights into the effectiveness of your campaigns. Continuously optimizing your processes and messages based on these insights enables you to refine your strategy, drive better results, and enhance overall marketing performance.

By implementing these comprehensive omnichannel marketing strategies, businesses can effectively leverage the power of multiple channels to engage customers, build brand awareness, and drive sustainable growth in today’s dynamic digital landscape.

There are several ways to improve customer engagement.

Marketing departments need to integrate all the data they get from various sources. Many of them are not clear yet, and they need to be prepared to handle any data. Data cleaning is an essential step in the process.

The customer engagement tech formula allows marketers to assess available technologies in three categories:

To enhance customer engagement and drive successful marketing campaigns, it is imperative for marketing departments to effectively integrate data from various sources. This integration process must ensure that all data is not only comprehensible but also manageable through meticulous data-cleaning processes, guaranteeing the accuracy and reliability of the information used for decision-making.

The customer engagement tech formula equips marketers with a structured approach to evaluating available technologies across three fundamental categories:

  1. Decision Engineering: This innovative approach to marketing analytics places a strong emphasis on the customer, aiming to identify products and services that perfectly align with their needs and goals. By the end-user over the marketer, Decision Engineering fosters the development of customer-centric strategies that are more likely to resonate and drive engagement.
  2. Advanced Analytics: This category encompasses the use of sophisticated analytical techniques to tackle complex business challenges. By applying advanced analytics to customer data, companies can uncover deeper insights into their customers’ behaviors, prioritizing, preferences, and needs. These insights empower businesses to create more targeted marketing campaigns, enhance customer service experiences, and ultimately, drive significant growth in sales and revenue.
  3. Chatbots: Chatbots represent an innovative technological advancement in customer engagement. These conversational interfaces enable users to interact naturally with systems, providing seamless support and assistance. Often referred to as virtual assistants or digital agents, chatbots have become indispensable tools for businesses looking to streamline customer service operations, automate routine processes, and increase sales through personalized interactions.

Deliver the predictable, profitable outcomes that your business demands

While many businesses demand predictable and profitable outcomes, few achieve them. This is because they don’t have a clear plan or strategy. Without these critical components, it’s impossible to deliver the results that businesses demand. Fortunately, there are steps that companies can take to improve their chances of success. By creating a clear plan and strategy and implementing it consistently, companies can increase their chances of delivering the predictable, profitable outcomes they demand.

Predictable Results = Simple + Systematic + Consistent

To achieve predictable and profitable results, your strategy needs to be simple, systematic, and consistent. A simple process is easy to understand and implement. A systematic approach focuses the team on critical activities that need to be completed each step of the way. A consistent approach ensures that gaps in execution are minimized, allowing the team to deliver on the plan consistently.

When it comes to marketing and lead generation, many companies attempt to run multiple campaigns at once, which is a complicated strategy. Instead of generating leads, they end up confusing their audience, diminishing their brand. A more straightforward approach, like the marketing funnel, can be just as practical while minimizing complexity. By creating a free trial offer for your customers — allowing them to learn about your product with no risk — you can generate leads with this simple yet effective strategy.

The bottom line is this: If your company’s strategy is complicated and inconsistent, customers and prospects won’t know what to expect from you. They will become less willing to join you as they develop resistance to marketing messages, fearing that they will be pushed to take actions they aren’t interested in or can’t afford. Conversely, when your strategy is simple — allowing customers to quickly understand what you have to offer and when you have to provide it — acceptance rates will be higher, leading to more leads and happier customers.

Interactive Guide: 11 Step-by-Step Guide to Start a Data-Driven Marketing Strategy

Creating a Marketing Strategy Based on Data

A marketing strategy is only as good as the data it’s based on. Therefore, it’s always important to collect data about your target audience, your competition, and your marketing efforts. Without data, you’re just guessing.

But how do you go about creating a marketing strategy based on data? First, you need to understand what data is available to you and how you can collect it. Then, you need to develop hypotheses about what marketing strategies will be most effective. Finally, you need to test your ideas and analyze the results. If you follow these steps, you’ll be well on your way to using data to create a marketing strategy that works.

A marketing strategy is only as good as the data it’s based on. Therefore, it’s essential to always collect data about your target audience, your competition, and your marketing efforts. Accurate judgments and well-informed decisions rely on the essential foundation of data.

But how do you go about creating a marketing strategy based on data? First, you need to understand what data is available to you and how you can collect it. Then, you need to develop hypotheses about what marketing strategies will be most effective. Finally, you need to test your ideas and analyze the results. If you follow these steps, you’ll be well on your way to using data to create a marketing strategy that works.

YouTube Video: 6 Benefits of Data-Driven Marketing Revealed

Step 1: Identify What Data You Have and Can Collect

Identifying Available Data Sources When it comes to understanding your business and the markets you cater to, you may have a wealth of data at your disposal that you might not have fully realized. It’s important to consider various sources that can provide valuable information for analysis.

Some key sources to consider include:

  • Customer service records: These records can reveal patterns in customer inquiries, complaints, and feedback, giving you a deeper understanding of customer needs and pain points.
  • Demo or trial requests: Tracking these requests can help you identify which features or aspects of your product or service are most appealing to potential customers.
  • Bidding or proposal requests: Reviewing these requests can provide insights into market demand, competitive landscape, and pricing strategies.
  • Payment history: Analyzing payment data can help you understand customer purchasing behavior, payment preferences, and revenue trends.
  • Contact information: Utilizing contact details can enable targeted marketing efforts and personalized communication with customers.
  • Social media comments and reviews: Monitoring social media interactions can offer real-time feedback on customer sentiment, brand perception, and areas for improvement.
  • Blog posts and comments: Examining blog engagement can help identify popular topics, audience interests, and content preferences.
  • Reviews of other resources such as books and podcasts: Exploring reviews of external resources can provide insights into industry trends, competitor analysis, and customer preferences beyond your immediate offerings.

Each of these outlets can offer unique insights into your customers’ behavior, personalized, factors influencing prospects’ interactions with your business, and the type of content that resonates most with users. By tapping into these diverse data sources, you can gain a comprehensive understanding of your target market and make informed decisions to drive business growth.

YouTube Video: 5 Data-Driven Marketing Strategies for Business Growth

Step 2: Establish Hypotheses Driven by Data

Consider a scenario where you have meticulously collected customer service records, providing a detailed insight into how customers interact with your product. Based on this wealth of data, you may form the hypothesis that customers who opt for both the training sessions and the software themselves demonstrate a higher level of proficiency in using the software compared to those who solely purchase the software. To put this hypothesis to the test, you can expand your data collection efforts to include additional information such as requests for demonstrations, inquiries about pricing, the history of payments made by customers, and their contact details. Alternatively, you could tailor specific questions during customer service interactions to gather more targeted data for analysis. Should your testing confirm the validity of your hypothesis, you will have uncovered a valuable strategy to enhance customer service and satisfaction. On the other hand, if the hypothesis is proven incorrect, you can then explore alternative hypotheses or conduct a thorough review of existing data to uncover valuable insights that can inform more effective strategies moving forward.

It is strongly recommended to develop multiple hypotheses for testing to gain a comprehensive understanding of customer behavior and preferences. For example, a high volume of trial requests may indicate a strong interest from potential customers in exploring your product. However, if this interest does not translate into actual sales and conversion rates remain low, it suggests that there may be barriers preventing customers from completing their purchases. This is where data-driven marketing strategies can play a crucial role. By leveraging sophisticated marketing automation tools, you can effectively nurture leads over time until their readiness to make a purchase exceeds their inclination to opt out — or even reaches zero, resulting in successful conversions and increased customer engagement.

YouTube Video: 6 Experiments You Want to Try for Data-Driven Marketing

Step 3: Address the Underlying Reasons Why Customers Aren’t Engaged.

Customers sometimes hesitate to make purchases or only make small transactions because of different obstacles that impede their success. These “latent dissatisfies” (water in the gas tank) keep customers from purchasing more from you or even buying from you regularly.

You should always have several hypotheses to test. For example, if your trial request rate is high, people are interested in learning more about your product. However, if your sales conversion rates are low, it means that although people are interested, they’re not buying. This is where you can apply data-driven marketing by using marketing automation tools to nurture leads until their chance of purchase is higher than their chance to opt-out — or even zero.

You can also use data to optimize various aspects of your business, such as shipping costs or website speed. For example, a furniture store in Hong Kong was curious about the impact of using different delivery services on its expenses. It collected shipment data and determined which delivery service provider was the most cost-effective. As a result, the store could arrange shipping with the most efficient provider and save money, thus freeing up resources for other activities.

Based on this success, the store expanded its data-driven marketing activities to learn more about the effectiveness of its advertisements. It ran A/B tests on product pictures and found that while one album of photos increased sales, the other set decreased them. With this insight, the store improved its overall customer experience by removing the offending pictures while keeping the effective ones.

Interactive Guide: AI Small Business Automation Guide

Step 4: Use Marketing Automation to Get Results Faster

Utilizing marketing automation streamlines all stages of your marketing campaigns, eliminating the need for manual repetitive tasks. This leads to a quicker time-to-market for new products. By cutting down on errors at each step, you enhance the likelihood of delivering the right message to the intended audience.

An excellent starting point for automating your marketing efforts is through email marketing. While most businesses send out numerous emails daily, only a few leave a lasting impression. How many of these emails go unanswered?

Let’s explore some effective ways to address this issue.

The value and significance of emails cannot be underestimated. The most impactful email copy goes straight to the core message and provides immediate value. Upon receiving your email, recipients should clearly understand the desired action and promptly act upon it. To achieve this level of clarity, communication must be concise and direct. Your subject line should captivate the reader and swiftly grasp their attention. Every word should serve a purpose.

One common mistake companies make in email marketing is sending out generic messages to everyone. While mass emails have their place, personalizing messages based on specific audiences often yields better results. Timing plays a crucial role in email marketing success; aligning with when your audience anticipates communication from you is key. For instance, if your company offers a monthly newsletter, consider scheduling email blasts just before subscribers expect to hear from you. Likewise, if you sell health and beauty products, timing emails around Mother’s Day weekend could be beneficial. Experimentation is always valuable.

YouTube Video: 20 Step-by-Step Plans to Start Email Marketing

Recent reports indicate a surge in the popularity of social media marketing among small businesses. Platforms like Facebook, Twitter, LinkedIn, YouTube, Instagram, Pinterest, and Google+ offer avenues for users to connect, build relationships, and cultivate online communities. These platforms serve as passive distribution channels for businesses to promote their brand, products, and services. Strive to maintain fresh and engaging content; sometimes, less is more effective. Crafting shorter yet impactful posts (around 1,000 words) and focusing on quality over quantity can drive engagement and enable wider content sharing across social platforms. Research and experiment with various content types like images, videos, infographics, and links for optimal results.

In cases where free shipping or discounts are offered, adjusting prices accordingly can be beneficial. For instance, modifying prices by $1-$2 per product based on ongoing promotions and displaying the new adjusted pricing on your site can prevent customer dissatisfaction due to sudden price changes.

Building lists is often overlooked by marketers due to its challenging nature and demanding effort. Many marketers face challenges when using lead lists to generate and nurture leads through different stages of the sales funnel. Managing a plethora of contact information without a clear strategy poses a common challenge. Moving beyond mere collection of names and email addresses requires converting these contacts into paying clients effectively.

YouTube Video: 7 Reasons Why You Need to Use Psychographic Data in Marketing

PPC advertising on search engines like Google and Bing involves paying per click on your ad. While PPC ads are prevalent on social media platforms like StumbleUpon and Pinterest, they are not currently available for Facebook advertisers. The expenditure on PPC ads varies based on your budget and target audience. With the potential to reach millions of readers through digital magazines, bloggers, and podcasts at any given moment, everyone now has a platform to be heard. This opens opportunities for brands and companies to engage with avid readers successfully. Whether aiming to establish a personal voice within an industry or boost sales, reaching the right audience at the right time can be transformative.

Content plays a pivotal role in video marketing success. A wealth of high-quality articles and blog posts should precede video content creation, serving as guide articles that provide direction and theme for the messaging. Crafting messages that align with the established theme greatly enhances engagement. Emphasizing high-quality copy creation for all content pieces produced by the team is crucial.

A/B testing is a valuable strategy where two versions of a website’s page are compared; A represents the current version while B denotes the new variation. The goal of A/B testing is to identify the version that performs better. Various tools such as Split Test Tool, Optimizely, ClickTale, and WebPageTest can aid in data analysis. Upon determining the best-converting option, rolling out the winning version across the entire site can optimize performance.

Content remains a cornerstone of online businesses; creating insightful, engaging, and unique content should be prioritized. Maintaining an informative blog consistently nurtures connections with past customers, present clients, and potential customers effectively.

Interactive Guide: Leveraging A/B Testing to Determine the Effectiveness of Different Messaging Strategies

How do I prepare my company for a data-driven approach?

To successfully transition your company towards a data-driven approach, it is essential to meticulously follow these key steps:

  1. Define Clear Objectives: Take the time to clearly articulate and define the specific goals and objectives that you aim to achieve through the implementation of data-driven decision-making strategies within your organization.
  2. Data Infrastructure: It is crucial to ensure that your company has a robust and effective data infrastructure in place. This includes having the necessary tools, technologies, and systems that enable the seamless collection, storage, and analysis of data to derive meaningful insights.
  3. Data Quality: Emphasise the importance of maintaining high standards of data quality. This involves focusing on aspects such as data accuracy, completeness, and consistency to ensure that the decisions made are based on reliable and trustworthy information.
  4. Data Talent: Invest in building a strong team of data professionals, such as data analysts or data scientists, who possess the expertise and skills required to interpret and utilize data effectively to drive informed decision-making within the company.
  5. Data Culture: Cultivate a work environment and organizational culture where data is highly valued and integrated into the decision-making processes at all levels of the company. Encourage a mindset where data-driven insights are embraced and utilized to drive business strategies and outcomes.
  6. Data Governance: Establish clear rules, guidelines, and processes for managing data effectively within your organization. This includes ensuring data security, privacy protection, and compliance with relevant regulations to safeguard the integrity and confidentiality of the data being utilized.
  7. Start Small, Scale Up: Consider initiating pilot projects or small-scale initiatives to demonstrate the tangible benefits and value of a data-driven approach before gradually expanding and implementing it across the entire organization for optimization. This phased approach allows for learning, adjustment, and optimization of strategies as you progress toward full-scale implementation.

By meticulously following these comprehensive steps, you can lay a solid foundation and set your company on the path toward successfully implementing and embracing a data-driven approach that drives growth, innovation, and competitiveness in today’s dynamic business landscape.

Data-Driven Marketing Strategies

Data-driven marketing is a strategy that relies on information gathered from various sources to inform marketing decisions. Data can come from internal sources like customer databases, social media, and CRM systems, or external sources like public records, online reviews, and search engine results. Marketers use this information to create personalized messages for each customer. These messages are then sent via different channels, including email, text messaging, social media, and direct mail.

Personalize the Customer Experience

The best way to get people’s attention is by tailoring your content and online interactions based on their demographics, purchase history, and other information about them, like what they’re searching for on Google.

Amazon: Amazon personalizes the customer experience through product recommendations based on previous purchases and searches, as well as personalized email campaigns tailored to individual preferences.

Netflix: Netflix uses algorithms to personalize each user’s homepage with movie and TV show recommendations based on viewing history, ratings, and preferences.

Spotify: Spotify creates personalized playlists for each user based on listening habits, favorite genres, and liked songs, providing a customized music experience.

Starbucks: Starbucks uses its mobile app to offer personalized rewards, discounts, and recommendations based on past purchases and location data, enhancing the customer experience.

Nike: Nike’s online platform allows customers to customize their own shoes with unique designs and colors, providing a personalized product experience.

Sephora: Sephora utilizes customer data to offer personalized product recommendations, beauty tips, and exclusive promotions tailored to individual preferences.

Cadbury: Cadbury launched a personalized chocolate service where customers can customize chocolate bars with their messages and photos, creating a unique and personalized gift experience.

Airbnb: Airbnb offers personalized travel recommendations and customized search results based on user preferences, past bookings, and saved listings to enhance the booking experience.

How did these companies do it?

Amazon: Amazon uses machine learning algorithms to analyze customer data, including purchase history, browsing behavior, and demographic information, to generate personalized product recommendations and targeted email campaigns.

Netflix: Netflix utilizes collaborative filtering algorithms to analyze user interactions with content, such as viewing history, ratings, and search queries, to recommend personalized movie and TV show suggestions on the homepage.

Spotify: Spotify leverages machine learning techniques to create personalized playlists for users by analyzing their listening habits, liked songs, and favorite genres to curate a unique music experience.

Starbucks: Starbucks collects and analyzes customer data through its mobile app, including purchase history and location information, to offer personalized rewards, discounts, and promotions tailored to individual preferences and behavior.

Nike: Nike’s online platform allows customers to customize their shoes by selecting design options, colors, and materials, providing a personalized product experience through interactive customization tools.

Sephora: Sephora uses customer data, such as purchase history and product preferences, to offer personalized product recommendations, beauty tips, and exclusive promotions through targeted marketing campaigns and personalized emails.

Cadbury: Cadbury’s personalized chocolate service allows customers to create customized chocolate bars with unique messages and photos through an online platform, offering a personalized gifting experience tailored to individual preferences.

Airbnb: Airbnb uses data analysis and machine learning algorithms to personalize travel recommendations and search results based on user preferences, past bookings, saved listings, and location data, enhancing the booking experience for each user.

Coordinate Marketing Across Channels

Identity resolution is a method for marketing to customers across multiple channels. It helps companies understand what customers like about their products and services and then target them accordingly. Identity resolution also helps companies understand the differences between distinct types of customers and how those differences affect their marketing strategies.

Marketing Evolution describes a 3-step approach to automat­ing an omnichannel marketing cam­paign:

  • Identify the data sources, which could include TV, radio, mobile apps, social media, paid ads, influencer campaigns, print, video, podcast, and other media. Consider how the target audience will interact with each source concerning your campaign’s goals and objectives.
  • Data quality management is a critical aspect of any marketing strategy. Marketers cannot make informed decisions about their campaigns and customers without good data quality. Data quality management ensures that all data is accurate, complete, current, relevant, and actionable.
  • Data checks and validation are essential to ensure the accuracy and reliability of data. Data is constantly changing and combining innovatively, so it must be continually checked and validated.

Use Predictive Analytics to Create an Ideal Customer Profile

Leadspace’s Account Based Marketing (ABM) platform helps companies identify their ideal customers and then reach out to them using personalized messages. ABM combines predictive analytics with account-level targeting to guide the best leads through the Sales Funnel.

An AI-based system for devising an ICP has three parts:

  • Predicting customer behavior is an integral part of any business. Predictive analytics helps businesses identify what actions will result in the best outcomes. It also helps companies understand why certain activities are practical. For example, if a company knows that a particular action results in a higher conversion rate, it can replicate that action across multiple campaigns.
  • Data quality is critical for any analytical system. Data should be timely, relevant, and accurate. If you don’t have high-quality data, your model won’t be helpful.
  • The expertise and experience of the team members must be converted to a form that the machine learning algorithm can use. The interface that connects the team with the analytics engine must allow real-time access to the results of the analysis, so the model can continue to be improved.
YouTube Video: Predictive Analytics — The Rise of the Clothing Brand Shein

Use big data to track marketing ROI

Big data is a term that describes massive amounts of information that can be collected, stored, processed, and analyzed. Big data is often referred to as “data” that is too large or complex to be handled by existing tools. Data scientists use big data to analyze trends and patterns in data sets to gain valuable insights about customers, products, services, and markets. These insights help businesses make informed decisions and create new opportunities.

TechGenyz describes five ways data science is used to improve the ROI of marketing efforts:

  • Data silos are an organizational problem that prevents organizations from fully utilizing all available data. Data silos prevent information from flowing freely across the organization. Companies must ensure that the data they collect is easily integrated with other systems and shared with internal and external sources.
  • Streaming analytics helps marketers understand what is happening in real-time. This allows them to react quickly to changes in the market and adjust their strategies accordingly. Data trails give marketers an idea of how past campaigns performed compared to current ones. This gives them insight into what works and what doesn’t.
  • Visualization tools help you understand your data and make the results more accessible for non-mathematicians to grasp. They can help you discuss the results of the analysis with other people. These tools can also help you identify trends and patterns in your data and enable data scientists and marketers to discuss their findings.
  • Experimenting with different marketing strategies is an integral part of growing your business. You can test out other ideas and see what works best for you. Simple tests like A/B testing can help you get a leg up on competitors.
  • Base marketing decisions on previous customer data by using data analytics tools to assign values to the unknown, forecast the potential of obstacles, and determine the most effective ways to avoid and mitigate risk.

Transfer Offline Data to Online Environments via Data Onboarding

Data onboarding is the process of connecting offline data to an online platform. This means that you need to transfer your offline data to the online platform, and you also need to ensure that the data is anonymized before it is transmitted.

Offline data can help marketers better understand their businesses’ customers, and it can help them target potential customers and enable them to craft personalized messaging.

YouTube Video: The Pros and Cons Between Internal Data Vs. External Data

What tools do marketers use to analyze big data?

Among the most common tools and techniques, marketers collect data relevant to marketing activities and convert it into actionable marketing intelligence.

Optimizely

Optimize.ly is a tool that helps you test your website, mobile app, or connected device. You can run experiments to see if your users like different versions of your site or app. You can also compare two versions of your site or mobile app to see which one converts better. Optimizely is a progressive delivery and experimentation platform that enables marketers and other teams in organizations to base their decisions on actual data.

Key benefits and features include:

  • It has an easy-to-use interface that makes it easy for data-driven decisions to be made.
  • It seamlessly integrates with analytics platforms, tagging tools, content management systems, third-party data sources, and more.
  • It performs multi-page, A/B, or split URL testing of websites, mobile apps, and web pages.
  • It has an audience targeting option for exporting data, previewing campaigns, scheduling campaigns, using its stats engine, and using behavioral targeting.

Google Analytics, Google’s Page Speed Insights, Google Search Console

Google Analytics allows companies to track user behavior across multiple channels, including web, mobile apps, social media, and search. It also provides insights into what users are doing on your site, allowing you to see how visitors interact with your website and whether there are any problems with your code. Google Analytics can help you identify areas of improvement and optimize your marketing efforts.

Google Page Speed Insights helps web admins and developers optimize websites for speed and performance. It provides recommendations for making sites faster and easier to read. It also gives insight into how users experience your site, helping you identify areas for improvement.

Google Search Console helps you to understand your website’s search traffic. You can submit your URL to get an overview of how well your site performs in Google searches. You can also submit a sitemap to help Google crawl your site more thoroughly. If you want to see if your site is indexed correctly, you can check the index coverage.

Crazy Egg

Crazy Egg is an analytics platform that helps companies understand what happens when people visit their websites. It provides heat maps, which show the areas of interest on a webpage. These heatmaps help businesses identify the best places to put their ads and where to place their calls to action. Crazy Egg is also helpful in optimizing landing pages because it shows which parts of your site get the most traffic.

Among the analytics tools offered by Crazy Egg are an A/B testing tool for comparing different versions of webpages; a page editor for modifying elements on the go; and a complete analysis that indicates where site visitors are coming from, how they navigate your site, and where they’re running into roadblocks.

BuzzSumo

BuzzSumo is a tool that helps you identify what your competitors are talking about. You can also use BuzzSumo to see what your customers are saying about your brand; this information will give your ideas for the latest content or campaigns. You can also use BuzzSummo to find influencers who might be interested in working with you.

BuzzSumo analyzes millions of posts daily and identifies keywords and topics that are trending at any given time. The tool analyzes data from Twitter, Facebook, Instagram, Tumblr, and LinkedIn.

If you’re serious about growing your business via social media, we offer a comprehensive. Our services include:

If you want to learn more about our services. We can provide you with a free demo for your business. https://snkt.io/62bc94729c0efbf4098a5df5

Conclusion

In conclusion, small businesses benefit from data-driven marketing in several ways. Firstly, data-driven marketing allows small businesses to target their marketing efforts more effectively, thereby increasing the chances of conversion.

Secondly, data-driven marketing provides small businesses with insights into customer behavior, which is used to improve the customer experience. Finally, data-driven marketing allows small businesses to track the results of their marketing campaigns to optimize their efforts and get the most out of their budget.

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Written by PC Social

Our company offers services in Business Intelligence and Digital Marketing for small businesses.

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